House Republicans could land on a compromise on the state and local tax deduction on Wednesday, a deal that would represent a ...

A key tax deduction is tripling under a new proposal in Congress, but it’s not enough for some Republicans, threatening ...

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

The compromise, agreed to Tuesday night ... couples and set an income limit of $400,000. While the proposal would have tripled the SALT cap, the SALT Republicans remained steadfast and maintained ...

Republicans on the House tax committee have proposed raising the state and local tax cap from $10,000, but nothing is set in ...

WASHINGTON — President Donald Trump distanced himself from his full-throated campaign pledge of "restoring the SALT deduction ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

Republicans brokered a deal for the tax bill after division on raising the SALT deduction cap from $10,000. Democrats call ...

A plan to increase state and local tax deductions was immediately rejected by a small but determined GOP “SALT caucus,” ...

The standoff over SALT is one of the remaining sticking points as Republicans seek to advance Trump’s tax cut bill through the House in the coming weeks. The legislation would renew the president’s ...

House Republicans could land on a compromise on the state ... But another advocate for SALT, Representative Nick LaLota, said the proposals floated are still very far from what he wants.